Wildhorse Manufacturing Ltd. has the following cost and production data for the month of November....
90.2K
Verified Solution
Question
Accounting
Wildhorse Manufacturing Ltd. has the following cost and production data for the month of November. Conversion costs are incurred uniformly throughout the process.
Units in beginning work in process | 19,200 | |
Units started into production | 102,900 | |
Units completed and transferred | 92,300 | |
Units in ending work in process | 29,800 |
The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of the process. Costs pertaining to the month of November are as follows:
Beginning inventory costs are: | |||
Direct materials | $63,500 | ||
Direct labour | 19,300 | ||
Manufacturing overhead | 14,200 | ||
Costs incurred during November include: | |||
Direct materials | $553,105 | ||
Direct labour | 195,000 | ||
Manufacturing overhead | 344,710 |
Show the assignment of costs to units completed and transferred out and to work in process at the end of the period. (Round answers to the nearest whole dollar, e.g. 5,275.)
Transferred out | $enter a dollar amount | ||||
---|---|---|---|---|---|
Work in process | |||||
Direct materials | $enter a dollar amount | ||||
Conversion costs | enter a dollar amount | enter a subtotal of the two previous amounts | |||
Total costs | $enter a total amount |
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.